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Journal of Agricultural and Applied Economics >
Volume 43, Number 04, November 2011 >
Please use this identifier to cite or link to this item:
http://purl.umn.edu/117953
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| Title: | Cow-Calf Producer Risk Preference Impacts on Retained Ownership Strategies |
| Authors: | Pope, Kelsey Frasier
Schroeder, Ted C.
Langemeier, Michael R.
Herbel, Kevin L. |
| Authors (Email): | Schroeder, Ted C. (tcs@ksu.edu) |
| Keywords: | cow-calf producers
ordered probit
retained ownership
risk aversion |
| JEL Codes: | Q13
C25
D18 |
| Issue Date: | 2011-11 |
| Abstract: | Considerable efforts have been made to provide cow-calf producers with information to help
them make informed decisions about adding value to calves. Despite demonstrated market
incentives to retain calves, many producers still sell right after weaning. We postulate this
observed behavior is related to producer risk aversion. Our study concludes risk aversion is an
important factor affecting calf retention as the most risk-averse producers have more than
a 60% probability of selling calves at weaning and the most risk tolerant have less than a 20%
probability of selling at weaning. |
| URI: | http://purl.umn.edu/117953 |
| Institution/Association: | Journal of Agricultural and Applied Economics>Volume 43, Number 04, November 2011 |
| Total Pages: | 17 |
| From Page: | 497 |
| To Page: | 513 |
| Collections: | Volume 43, Number 04, November 2011
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| jaae437-Pope.pdf | | 839Kb | PDF | View/Open |
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